Finding Greatness in Junk (HYG,AMZN,XRT)

Finding Greatness in Junk (HYG,AMZN,XRT)   You don’t find too many great men these days.  Our guess is that there were a lot more at one time.   That’s not to say that there aren’t a lot of rich men, or powerful or influential men.  There are plenty of those.  There are a great many intelligent men, too.  And a whole cadre of those who possess abundant stores of knowledge and know-how in this field or that…   But greatness?   To our mind, greatness doesn’t reside in amassing fortunes or achieving military victories in far-flung lands, or in getting re-elected for a thirty-third term.  There’s a great deal to be said, of course, for…

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Pin the Retail Donkey (AMZN,XRT,HD)

Pin the Retail Donkey (AMZN,XRT,HD)   We’re going to step out on a limb today and encourage you to consider the retail sales trade that we’re proffering hereunder.   It’s not an easy thing to buck the trend at a time when big name sellers are closing at their fastest pace ever all across this land, when companies like JC Penney and Macy’s and Sears are facing what could be their final breaths, and when traffic at malls across America appears to be drying up like a pack of seals stuck in a Saharan sirocco. Whither the American Shopper…?   There’s no question that online sales are taking a bite out of the bricks and…

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Living on Reds, Vitamin C and Cocaine… (UHAL,FAS,IDU,DIA,AAPL,AMZN)

We’ve mentioned it before and we’ll do it again, because there’s no getting around it.   Most folks are going to be moving in the next few years.   Some by choice.  Some not.   The name we’ve chosen for the phenomenon is ‘The Great Migration’.  Maybe others have used the term, too.  If so, we haven’t seen it.  Either way, it’s coming.   Like all the global upheavals of the last few centuries, including two World Wars and a number of revolutions that spurred massive population transfers from Moscow to Lesotho to Dakkar to Timbuktu, what’s coming will be equally epic.   And don’t believe for a moment that wealth or status is going…

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Better than the Rest (AMZN)

The setup is literally outstanding.   Despite what you may hear in the media and read from Wall Street’s in-house research set, the market is now poised for a tremendous break higher. Well, Quentin, it goes like this…   First off, the headlines would have you believe that the world has reached a tipping point, and no sane individual should ever again consider investing in this casino market of ours.  It’s a refrain we hear over and over.   But what if the odds in the casino are overwhelmingly in your favor?   What if the prospects are bullish?   What do you do then?   Rigged?   There are those who say the current…

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U.S. new home sales hit six-year high, Amazon (AMZN) expanding hardware lab and Walmart (WMT) opening mobile checking

Markets were heading slightly higher on Wednesday after news was released that U.S. new home sales hit a six-year high in August. The Commerce Department announced that sales were up a surprising 18% to an annually adjusted rate of 504,000 units. A level this high has not been recorded since May of 2008. Last months data blew past economists’ projections of a 430,000 unit pace. The data for August was up a total of 33% over this time last year. The average price of new home sales came in at $275,600, which was up over 2% from July. New home sales account for 9.1% of the overall housing market. Dan Greenhaus, chief strategist at BTIG brokerage,…

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Facebook (FB) announced new market base, General Electric (GE) selling appliance business and Amazon (AMZN) cuts fire price.

Markets were heading lower on Monday after Facebook (FB) announced that they would now begin targeting advertisers in Africa. The social media giant reported that they’ve had a surge of 100 million people accessing the site in Africa. Of that number, nearly 80% of them are logging on via mobile devices. The company recently announced that their advertising revenue was up 150% during the second-quarter, which was roughly 62% of their overall revenue. This new data presents the company with a new audience for advertisers. Nicole Mendelsohn, the company’s vice president for Europe, Middle East and Africa, said, “There is a fantastic opportunity for business as well if you are local or a global business. Knowing…

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U.S. retail sales flat, Macy’s (M) drops forecast and Amazon (AMZN) debuted mobile payment app

Markets were heading slightly higher on Wednesday morning after retail sales came in flat last month. The Commerce Department reported that U.S. retail sales came in a mere $161 million, statistically insignificant, higher in July from June’s $439.6 billion reading. There were declines in sales at auto dealerships and department stores, but gains were recorded at grocery stores, gas stations, restaurants and building supply stores. With the data coming in it leads some analysts to believe that despite the job market growing, Americans are still not willing to spend as much. Retail sales are a close figure watched by analyst as it accounts for nearly 70% of economic activity. Over the past year, retail sales…

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Priceline (PCLN) posts higher profits, Amazon.com (AMZN) in another dispute and General Motors (GM) facing another lawsuit

Markets were heading slightly higher on Monday morning after Priceline Group (PCLN) announced a rise in profits. The online travel site said that they had higher than expected quarterly profits, which was partially attributed to a rise in hotel and airline bookings. Net profits were up to $576.5 million, or $10.89 per share during the second-quarter, which was up from the $437.3 million, or $8.39 per share at this time last year. Revenue was up 26% to $2.12 billion. Amazon.com Inc. (AMZN) shares were moving higher after the company was reportedly stopped certain Disney movie preorders while a dispute rises with Hachette. The company is, what appears to be, in another contract dispute with publisher…

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GDP in at 4% for the second-quarter, Twitter (TWTR) growth surprises and Amazon (AMZN) to invest $2 billion in India

Markets were heading higher on Wednesday morning as U.S. second-quarter GDP came in higher-than-expected. The Commerce Department said that the April through June quarter came in showing growth at a 4% annual rate. This followed the January-March’s 2.1% annualized drop. The second-quarter’s growth marks the highest on record since the third-quarter of 2013. Analysts are still projecting growth for the entire year to come in around 3%. Some analysts are expecting the economy to pick up steam going forward. Mark Zandi, chief economist at Moody’s Analytics, said that he believes growth could surpass 4% in 2015. “I think we are finally going to start seeing more wage growth and that should kick the economy into…

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